Introducing Gazimağusa
Gazimağusa, also known as Famagusta, is a historic and vibrant district in North Cyprus. It includes diverse areas such as the walled city of Famagusta, Salamis, and Yeniboğaziçi. Gazimağusa is an ideal location for real estate investment due to its rich cultural heritage, strategic location, and thriving tourism industry.
Why Invest in Gazimağusa?
- Cultural Heritage: Home to historic sites like the ancient city of Salamis and the Othello Castle.
- Tourism Appeal: A popular destination for tourists, ensuring high rental yields.
- Educational Hub: Hosts Eastern Mediterranean University, attracting students and faculty.
- Favourable Investment Conditions: Attractive tax benefits and incentives for foreign investors.
Investment Growth in Gazimağusa
Gazimağusa has experienced significant investment growth, driven by its expanding infrastructure and increasing demand for properties. Key projects include the development of new residential areas, road improvements, and the enhancement of public facilities. These efforts have led to increased property values and rental incomes. The graph below illustrates the projected value appreciation and rental income over the next five years, highlighting Gazimağusa's promising future for investors.
Projected investment return of £283,101 in 5 years
Disclaimer
Please note that the projected investment returns shown in this chart are based on a property valued at £200000 for illustrative purposes only and are not guaranteed. Real estate markets can fluctuate, and past performance is not indicative of future results. The actual return on your investment may vary based on various factors, including changes in the market, economic conditions, and property-specific factors. Always consult with a financial advisor or real estate professional before making investment decisions.
Fun Facts About Gazimağusa
Historical Significance: Gazimağusa has a rich history dating back to ancient times.
Diverse Architecture: The district features a mix of Gothic, Ottoman, and modern architecture.
Film Location: Gazimağusa has been a location for several films and documentaries.
Port City: It has one of the most important ports in North Cyprus, contributing to its economic vitality.
Things to Do in Gazimağusa
Explore the Walled City: Discover historical buildings, museums, and local markets.
Visit Salamis Ruins: An ancient city with well-preserved ruins and amphitheatre.
Relax on the Beaches: Enjoy sandy beaches and clear waters in areas like Glapsides and Silver Beach.
Attend Local Festivals: Experience the culture through various local events and festivals.
Search Results
283 m2
3
2
2
88 m2
2
1
2
95 m2
2
1
2
110 m2
2
3
1
241.5 m2
2
3
1
85 m2
1
2
1
73 m2
1
2
1
132 m2
1
2
1
127.5 m2
1
2
2
61 m2
1
1
1
Frequently Asked Questions
WE WILL FIND YOU THE BEST REAL ESTATE
Get help finding properties suitable for your budget, whilst saving time searching on your own.
